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Politics : Idea Of The Day
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To: Logain Ablar who wrote (26759)6/3/1999 12:03:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
ASYT and SOX moved late yesterday an analyst had a good word to say about semis, that really brought in the rally of 90 points from low on NDX, that is quite good.

I see your point on over heating but for me markets have handles this very well so far in last few years of this trend, I totally believe that these news are in no way indicative of a sea change in economic directions or fundamentals. One number or even couple of numbers would not do it, the model based on which US flourished like US that Anglo -Saxon economic model ha succeeded the Japanese Europeans HAVE JUST FAILED or missed the boat.

For me inflation will only come if out put gap and capacity utilization start converging. The wage pressures are equally important I need to watch ' hourly earning' this issue will make and break this market.

If I have to give some credibility to last ECI may be we get good surprise, we may see lower unemployment but stagnant wage pressures that would help but anyway I would short only below 1282 right now we are watching it carefully. I think we can perfectly visit 200 days ma that is comp 2100 and still be in our bull trend, the values are created when INTC comes down at 45$, not many like to miss it, I for one as TRADER LOOK at these oversold hypes and position myself accordingly. For me it is about 1980 2360 and 1282, we trade these levels and right now we need a close above 2055 to have a good go tomorrow otherwise this 2015 break will take 1980 this time around.
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